Friday
Connors' Price Action Analysis // EURUSD ShortHi traders.
EURUSD is currently forming a strong short near the 1.06463, its very likely expected to stay short for the next 3 or 4 hours, which can make us profit between 140-150 pips, because thats what I usually aim for. I care about pips, not profits as most traders do. Its what brings me money in the long term.
I will be updating this chart as time goes by. It'll surely be a good trade. Stay tuned!
EURJPY: FOLLOW THE STRUCTUREOn FX:EURJPY , the price dropped on 1H bars and it is time for correction. So question is when the correction finishes and starts a new impulsive leg. Following these analyse the Red box is considered the good reversal zone.
1. There was a support at 126.65, which became a resistance after the breakout. The price respects that level.
2. Fibonnaci retracement 38.2% exact level.
3. Trendline (blue line) acts as dynamic resitance.
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